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Deductions & credits
1. It depends.
- It the tuition includes the spring amount and the scholarship is there to go with it, no need to change anything. Your child gets extra money for room and board.
- If the tuition is only for fall and the scholarship is fall and spring, then you can adjust the scholarship amount and add it back next year to the total received. No requirement to adjust.
2. You can just leave the answer as no, no adjustments needed.
3. No. The room and board go with the scholarship, not the tuition.
If tuition is $10,000 and scholarships are $15,000 it covers the tuition and some room and board. Depending on the school, some room and board gets pretty high and the scholarships get large.
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March 13, 2025
3:49 PM